Escalade Inc. (ESCA) Stock Rating Upgraded by Zacks Investment Research
According to Zacks, “Escalade, Incorporated is a diversified company engaged in the manufacture and sale of sporting goods products and office and graphic arts products. The company offers a broad and complete product selection that is built on innovation and cutting edge product design. These diverse products include table tennis tables and equipment; pool tables and equipment; other game tables which include table soccer, table hockey, and multi games; basketball systems; and archery Equipment. “
Separately, Wunderlich lowered their target price on Escalade from $18.00 to $16.00 and set a buy rating on the stock in a research report on Monday, June 20th.
Shares of Escalade (NASDAQ:ESCA) opened at 12.20 on Tuesday. The firm has a market cap of $174.11 million, a P/E ratio of 20.00 and a beta of 0.37. The firm’s 50-day moving average price is $12.40 and its 200 day moving average price is $11.29. Escalade has a one year low of $9.70 and a one year high of $18.90.
Escalade (NASDAQ:ESCA) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Escalade had a return on equity of 8.99% and a net margin of 5.38%. The firm had revenue of $48.50 million for the quarter, compared to analyst estimates of $44.35 million. Analysts predict that Escalade will post $0.84 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Monday, September 12th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, September 8th. Escalade’s payout ratio is 72.13%.
Several institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. increased its stake in shares of Escalade by 1.1% in the third quarter. North Star Investment Management Corp. now owns 343,987 shares of the company’s stock valued at $4,389,000 after buying an additional 3,782 shares during the period. Grandeur Peak Global Advisors LLC increased its stake in shares of Escalade by 2.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 290,350 shares of the company’s stock valued at $2,973,000 after buying an additional 7,394 shares during the period. Teachers Advisors Inc. increased its stake in shares of Escalade by 1.2% in the second quarter. Teachers Advisors Inc. now owns 14,245 shares of the company’s stock valued at $146,000 after buying an additional 167 shares during the period. BlackRock Fund Advisors increased its stake in shares of Escalade by 9.0% in the second quarter. BlackRock Fund Advisors now owns 275,085 shares of the company’s stock valued at $2,817,000 after buying an additional 22,650 shares during the period. Finally, BlackRock Investment Management LLC increased its stake in shares of Escalade by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 41,222 shares of the company’s stock valued at $422,000 after buying an additional 4,454 shares during the period. 24.70% of the stock is currently owned by institutional investors.
Escalade Company Profile
Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.
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